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BKMG
February 24, 2022
Question

Correcting missed retirement deduction on one paycheck

  • February 24, 2022
  • 1 reply
  • 0 views

I forgot to add retirement deduction to a new employee when I set them up in QuickBooks.  It is just one paycheck that they received.  How do I correct this?

    1 reply

    T
    TirzahC
    February 24, 2022

    I'm here to help you with the missing deduction your employee's paycheck, BKMG.

     

    Since the paycheck was already processed and cashed, you can consider adding the employee's retirement deduction on the next paycheck. If you need more guidance creating a paycheck, feel free to check out this article: Create paychecks to pay your employees.

     

    Also, make sure to update QuickBooks Desktop to it latest release .If we've ran some paychecks without these deductions, we can revert it to refresh. Revert Paycheck in QuickBooks will return the transaction you are working on back to the way it was posted the last time it was saved. If you need to correct a mistake without deleting the paycheck, revert is the option. You can read this article on how the revert option works in QuickBooks: How to save or revert pending paychecks.

     

    You can check this article for more details about retirement plans and contributions in QBO: Retirement plan deductions/contributions.

     

    Need help with viewing useful information about your business and employees in QuickBooks Online? Check our run payroll reports article. 

     

    Drop by in the Community space if you have other concerns or questions. The QuickBooks Team and I will be more than happy to help out again. 

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